MAI Capital Management Sells 2,035 Shares of iShares MSCI EAFE Min Vol Factor ETF $EFAV

MAI Capital Management cut its position in shares of iShares MSCI EAFE Min Vol Factor ETF (BATS:EFAV) by 7.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,776 shares of the company’s stock after selling 2,035 shares during the period. MAI Capital Management’s holdings in iShares MSCI EAFE Min Vol Factor ETF were worth $2,251,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Howe & Rusling Inc. purchased a new stake in iShares MSCI EAFE Min Vol Factor ETF in the 2nd quarter worth about $29,000. First Pacific Financial bought a new position in shares of iShares MSCI EAFE Min Vol Factor ETF during the second quarter valued at approximately $31,000. Signaturefd LLC bought a new position in shares of iShares MSCI EAFE Min Vol Factor ETF during the second quarter valued at approximately $41,000. Harbor Asset Planning Inc. purchased a new stake in shares of iShares MSCI EAFE Min Vol Factor ETF in the second quarter worth approximately $41,000. Finally, Beaird Harris Wealth Management LLC lifted its stake in shares of iShares MSCI EAFE Min Vol Factor ETF by 109.7% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 560 shares of the company’s stock worth $44,000 after acquiring an additional 293 shares during the last quarter.

iShares MSCI EAFE Min Vol Factor ETF Stock Up 21.9%

EFAV opened at $85.29 on Monday. The business has a fifty day moving average of $84.99 and a 200 day moving average of $84.33. iShares MSCI EAFE Min Vol Factor ETF has a 52-week low of $69.19 and a 52-week high of $85.52. The stock has a market cap of $5.57 billion, a P/E ratio of 16.91 and a beta of 0.57.

About iShares MSCI EAFE Min Vol Factor ETF

The iShares MSCI EAFE Min Vol Factor ETF (EFAV) is an exchange-traded fund that is based on the MSCI EAFE Minimum Volatility (USD) index. The fund tracks an index of developed-market equities, ex-US and Canada, selected and weighted to create a low volatility portfolio subject to constraints including sector exposure.